0001209191-13-012394.txt : 20130228
0001209191-13-012394.hdr.sgml : 20130228
20130228161905
ACCESSION NUMBER: 0001209191-13-012394
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130226
FILED AS OF DATE: 20130228
DATE AS OF CHANGE: 20130228
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC
CENTRAL INDEX KEY: 0001108109
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC [8062]
IRS NUMBER: 133893191
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
BUSINESS PHONE: 615-465-7000
MAIL ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
FORMER COMPANY:
FORMER CONFORMED NAME: COMMUNITY HEALTH SYSTEMS INC/
DATE OF NAME CHANGE: 20000229
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CASH W LARRY
CENTRAL INDEX KEY: 0001018653
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15925
FILM NUMBER: 13652313
MAIL ADDRESS:
STREET 1: 4000 MERIDIAN BOULEVARD
CITY: FRANKLIN
STATE: TN
ZIP: 37067
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2013-02-26
0
0001108109
COMMUNITY HEALTH SYSTEMS INC
CYH
0001018653
CASH W LARRY
4000 MERIDIAN BOULEVARD
FRANKLIN
TN
37067
1
1
0
0
Executive VP and CFO
Common Stock
2013-02-26
4
M
0
65000
32.37
A
388806
D
Common Stock
2013-02-26
4
S
0
65000
39.9777
D
323806
D
Common Stock
2013-02-27
4
M
0
40334
0.00
A
364140
D
Common Stock
2013-02-27
4
F
0
5963
41.71
D
358177
D
Stock Options (Right to Buy)
32.37
2013-02-26
4
M
0
65000
0.00
D
2006-02-28
2013-02-27
Common Stock
65000
0
D
Performance Based Restricted
0.00
2013-02-27
4
M
0
40334
0.00
D
2013-02-16
2022-02-15
Common Stock
40334
0
D
Performance Based Restricted
0.00
2013-02-27
4
A
0
50000
0.00
A
2014-02-27
2023-02-26
Common Stock
50000
50000
D
Stock Options (Right to Buy)
38.30
2007-03-01
2016-02-29
Common Stock
50000
50000
D
Stock Options (Right to Buy)
37.21
2008-02-28
2017-02-27
Common Stock
60000
60000
D
Stock Options (Right to Buy)
40.41
2008-07-25
2017-07-24
Common Stock
200000
200000
D
Stock Options (Right to Buy)
32.28
2009-02-27
2018-02-26
Common Stock
60000
60000
D
Stock Options (Right to Buy)
18.18
2010-02-25
2019-02-24
Common Stock
20000
20000
D
Stock Options (Right to Buy)
33.90
2011-02-24
2020-02-23
Common Stock
25000
25000
D
Stock Options (Right to Buy)
37.96
2012-02-23
2021-02-22
Common Stock
25000
25000
D
Stock Options (Right to Buy)
21.07
2013-02-16
2022-02-15
Common Stock
20000
20000
D
These shares were sold in a series of transactions at a weighted average sales price of $39.9777 per share.
Financial information necessary to determine if performance criteria had been satisfied was not publicly available on February 16, 2013, the first anniversary of the date of the award. At a meeting of the Compensation Committee ("Committee") held February 26, 2013, and confirmed by the Board of Directors ("Board") on February 27, 2013, the Committee and the Board determined that the performance conditions had been satisfied. The shares will now be reported as owned shares in Table I, and restrictions on the remaining shares will lapse on the 2nd and 3rd anniversary of the original date of the award, all in accordance with the award agreement.
Each performance based restricted share represents a contingent right to receive one share of CYH common stock. There are two elements to the lapsing of the restriction; first, the Company must achieve specified targeted amount of earnings per share from continuing operations, or net revenue from continuing operations, and if the performance objective is met, the vesting restrictions will lapse in 1/3 increments on the first, second and third anniversary of the date of grant. If the objectives are not met, the shares will be forfeited.
Christopher G. Cobb, Attorney in Fact for W. Larry Cash
2013-02-28